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20110712
20110712
Search Results 0 to 4 of about 5 (some duplicates have been removed)
's bring in jake tapper and jon karl from capitol hill. jon, they tried to work on a smaller reduction deal but that didn't go much better. >> reporter: the divide is as deep as ever. they outlined 1.7trillion cuts, not enough but democrats called it completely unacceptable because it included cuts to medicare and no tax revenue increases. steny hoyer said he couldn't get a senior democratic vote for a plan. >> that means that it couldn't pass. courthouse have any idnew ideas >> reporter: they're pushing for the big deal, a lot of pain at one, entitle tks. president obama outlined the plan and said, you can't expect seniors to give up $500 when you went own ask for $5 from people like me. wealthy individuals. >> jon, the leader mitchell mcconnell is looking at a contingency plan which could be a short-term extension. >> reporter: he's tight-lipped about what they mean. they could give him a chance to accept that which he ruled out or one with no tax increases. >> the president very clear on that. >> reporter: he said he's not signing any short-term plans. the debt ceiling needs to be raised
the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that's on the "sideshow" tonight. and driving right off the cliff. eugene robin sons, of course he won the pulitzer prizewinning there and ron reagan. and a political fight was quite relatable to real people in the country who don't normally watch political programs like this, but will be very much affected by what we talk about in the next couple of minutes. let's listen to the president. >> can you tell the folks at home that no matter what happens, the social security checks are going to go out on august the 3rd? about $20 billion of social security checks that have to go out the day after the government is supposedly going to go into default. >> this is not just a matter of social security checks. these are veterans checks, these are folks on disability and their checks. they're about 70 million checks that go out. each month. >> can you guarantee as president those checks will go out on august 3rd? >> i cannot guara
that, and i think mr. cantor, the majority leader, i do believe that mitch mcconnell and jon kyl all share the same view. we need the biggest spending cut possible. making sure that there are no tax increases on the table. >> bret: why haven't house republicans moved forward their own plan? >> we have a number of members who just don't believe they should ever vote to increase the debt ceiling. >> bret: how are you going to get anything through? >> i think it's pretty clear that there is one option. one option that our members are talking about that. is, and i brought it up with the president today. that is linking the increase in the debt ceiling to real enforcement mechanisms, real budget mechanisms. one of them being a balanced budget amendment to the constitution. most americans believe that washington bought ought to be balanced every year. there has been a big effort to get a balanced budget amendment passed. i think it's one of those ideas where if you could get two-third of the house, or two-third of the senate to support a balanced budget amendment, it would certainly ease t
Search Results 0 to 4 of about 5 (some duplicates have been removed)